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About this home
Excellent investment opportunity in the boutique waterfront Peloro Condominium! This modern residence is being sold subject to the existing lease and is tenant-occupied. Current rent is $3,000 per month with a lease term from January 4, 2026 through March 31, 2027. Buyer must honor the existing lease through its expiration. Peloro offers resort-style amenities including a waterfront pool, fitness center, spa, sauna, valet, concierge, club room, and secured lobby. Ideally located just blocks from the beach with easy access to restaurants, shopping, Bal Harbour, Surfside, and all that Miami Beach has to offer. Please contact via email to request any further information on this property.
Features
- Lobby
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Elevator
- Laundry Tub
- Other
- Courtyard
- Open Balcony
- Bay
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $2,023
- HOA
- $1,033 / mo
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.